How much interest will Alix have to pay

Assignment Help Accounting Basics
Reference no: EM132571529

Question - Alix alison goes to the bank and borrows 150,000 at 9% for 250 days. If the bank uses ordinary interest method, how much interest will Alix have to pay?

Reference no: EM132571529

Questions Cloud

Identify what the probity requirements : Identify what the probity requirements and related conventions are in your organisation as they relate to preparing the organisation's budget.
Determine the number of units available for sale : Assume the physical count made on June 30 reveals that 800 of the 1000 units have been sold. Determine the number of units available for sale
Preparing internal reports for management : Providing a basis for controlling costs by comparing actual results with planned objectives. preparing internal reports for management.
How many march 50 calls would you sell : You want to buy 100 June 50 call contracts. How many March 50 calls would you sell?
How much interest will Alix have to pay : Alix alison goes to the bank and borrows 150,000 at 9% for 250 days. If the bank uses ordinary interest method, how much interest will Alix have to pay
How does a company utilize stocks : How does a company utilize stocks and bonds in financing growth? Identify the major sources of external financing for companies.
Show the journal entry needed to record the debts : Show the journal entry needed to record theses debts as bad on 6 March 2000. Show the relevant journal entries to be made on 31 December 2000
Indicate the type of independence threat. : For the following 2 scenarios, perform the following analysis: If it is an independence threat, indicate the type of independence threat
Find should the company make or buy the engines : What other factors that should be considered when making this decision and elaborate on whether or not those factors do or do not support the decision.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Transaction occurred during the first month of operations

"Ricky Rock" offers a party package designed for active kids, teen and adults that want to learn and practice wrestling activities

  What is the net present value of the stream

Consider another set of net cash flows: Please include the numbers do no put it on an excel spreadsheet. What is the net present value of the stream

  The inspection department of a chemical packaging plant

Three segments (A, B, and C) of Trump Enterprises have net sales of USD 300,000, USD 150,000, and USD 50,000, respectively. A decision is made to allocate the pool of USD 25,000 of administrative overhead expenses of the home office to the segments, ..

  Comprehensive depreciation computations kohl beck

Comprehensive Depreciation Computations Kohl beck Corporation, a manufacturer of steel products, began operations on October 1, 2009. The accounting department of Kohl beck has started the fixed-asset and depreciation schedule presented on page 581.

  What is the minimum price pearl should accept

During the past year, Pearl McGill planted a new vineyard on 150 acres of land that she leases for $30650 a year. What is the minimum price Pearl should accept?

  Determine the locations for the camera systems

Solve the model formulated in part (a) to determine how many two-way cameras to purchase and where they should have been located.

  What is the npv and irr of the two projects

What is the NPV and IRR of the two projects, Would your answer change if the projects were independent

  Compute the number of each product sold

Tress Enterprises manufactures shampoo and conditioner. Last year, Tress sold 120,000 bottles of product. Compute the number of each product sold

  Which one of the following statements concerning the

which one of the following statements concerning the required rate of return on stocks is true?what is the yield to

  Extinguishment of debt problem

Interest was payable semiannually on July 1 and January 1. On July 1, 2011, Goll called all of the bonds and retired them. Bond premium was amortized on a straight-line basis. Before income taxes, Goll's gain or loss in 2011 on this early extingui..

  Prepare the journal entries for cosmo related

Prepare the journal entries for Cosmo related to this contract. Either party may terminate the contract without compensation until one of the parties perform

  Where does xerox disclose the financial statement impact of

1.what types of derivative transactions does xerox engage in cash flow hedges fair value hedges or speculative

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd